"> Benefits of using TRAXX our Fixed Assets Tracking System

BENEFITS OF USING TRAXX

Fixed Assets

Tracking assets is an important concern of every company, regardless of size. Fixed assets are defined as any ‘permanent’ object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilise a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.

SINCE 1999 … TRACKING OVER A MILLION ASSETS

Traxx is one of the most mature FAMS (Fixed Asset Management System) with our first installation in nineties. This product is the evolution of over ten thousand man hours with feedbacks from some of the best asset managers from Global MNCs.

Explore why TRAXX is the best FAMS for managing Enterprise Assets

Tracking fixed assets is an important concern of every company, regardless of size. Fixed assets are defined as any ‘permanent’ object that a business uses internally including but not limited to computers, tools, software, or office equipment. While employees may utilise a specific tool or tools, the asset ultimately belongs to the company and must be returned. And therefore without an accurate method of keeping track of these assets it would be very easy for a company to lose control of them.

Our Fixed Asset Management Services came about as a result of a long period of improvements and rectifications of errors till we had the perfect software. The Fixed Asset Management Software development process was also aided by feedback and suggestions from some of the top notches in the industry. We definitely could not have done it without their valuable contribution. Hence, we proudly present our Fixed Asset Management Software.

Traxx has functions suggested by some of the best fixed asset managers serving for companies like E&Y, GE and ANZ. Tracking over a million assets, it is one of the highly perfected Fixed Asset Management Solutions available.

TRAXX is one of the oldest FAMS (Fixed Asset Management System) and a top Fixed Asset Management Solution provider in the market. The Fixed Asset Management Software India incorporates the latest requirements and regulations and meets all the required norms. Keeping track of fixed assets is an important concern for every company, regardless of its size.

The scope of fixed assets is much wider and therefore the process of fixed asset management is more complex. We are connoisseurs in the industry for Fixed Asset Management and our first application of a fixed asset management system spans back over 2 decades. TRAXX is a complete Fixed Asset Management Software which has facilitated numerous organisations both large and small to streamline their fixed asset management system.

The Fixed Asset Management Software defines a clear, concise and comprehensive end to end asset tracking process for organisations, covering every aspect in the trail. It begins at procurement and later moves on to tracking the asset based on its physical location.

The Fixed Asset Management Services also provides other functions such as space management which enables floor planning of assets though a digital visual representation. The Asset Health Management module ensures preventive maintenance of assets through servicing or other methods. TRAXX is a complete and comprehensive Fixed Asset Management Solution which encompasses the entire needs of the organisation into a single Fixed Asset Management System.

For accounting purposes all assets need to have depreciation in their value. Calculation of current asset value becomes very easy with the TRAXX Fixed Asset Management Software India. Thus facilitating business audits and yearend financial audits.

The Fixed Asset Management System simplifies the tracking of assets by physically tagging each asset with a barcode or RFID code. With the assistance of a Unique Asset ID (UAID) in the form of a Barcode label or RFID tag attached to each fixed asset or inventory item, the use of handheld scanning devices is all that is required to conduct a physical audit.

TRAXX can talk to all standard ERP solutions like SAM and Oracle. It can communicate with ticketing tools like Remedy or manage-engine. TRAXX can also integrate with procurement systems like Ariba.

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Procurement to Retirement

TRAXX is a complete asset management suit, tracking assets from procurement to retirement.

Procurement

Our Procurement Module manages end-to-end procurement cycle. It consists of the following Sub Modules:
E-Requisition
Approval Management
Workflow Vendor Management
RFQs and Quotes
Purchase Order/Work Order

Tracking

Our Tracking module provides complete Fixed Asset & Inventory Tracking solution that enables users to conduct comprehensive, cost-effective physical audits. Barcode labels, attached to fixed assets and inventory items, and handheld scanning devices are required to conduct the physical audit.

Depreciation

Depreciation module allows user to configure all the parameters pertaining to fixed asset management as per IFRS, GAAP as well as user defined GAAP. Once configured, it simplifies the process of calculating depreciation for all fixed assets, with a single click of a button.

With the help of flexible filtering of parameters, the user can pull out any combination of report on demand. Now you can forget about spending nights doing reconciliation of several spread sheets with fixed asset details, during the annual return filing.

Space Management

You don’t have to be a CAD operator or programmer to operate this module. Likewise, you don’t need to have any special staff on board to manage data. The well-designed interface enables even the most casual PC user to modify colour-coded plans, add or modify space and lease-related data, create a stacking diagram or even re-demise space and produce a professional lease exhibit of a floor plan with fixed assets. For example, to find out information about a particular space, you simply point to it and select the type of information you wish to view from a menu of “data sets” displayed on the screen.

Compliance

Every logistics stakeholder in a bonded warehouse agrees that STP/CT3/SEZ compliance is the most demanding, cumbersome and time consuming activity, as it is liable to statutory audits from STPI,Customs or Central Excise departments.

In an event of breach of compliance, the organisation has to bear hefty penalties Everyone knows adhering to these compliances cannot be avoided, but not many know that these activities can be automated to bring peace of mind.

Our STP/CT3/SEZ module helps organisation adhere to the compliances with minimal effort, as all the compliance related annexure and reports for fixed asset are auto generated from the application itself.

Maintenance Management

Scheduling jobs, assigning personnel, reserving materials, recording costs, and tracking relevant information such as the cause of the problem (if any), downtime involved (if any), and recommendations for future action.

Typically, the CMMS schedules preventive maintenance automatically based on maintenance plans and/or meter readings. Different software packages use different techniques for reporting when a job should be performed. TRAXX optimises usage of your fixed asset.

Services

Complete fixed asset management support for enterprises with SLA

Asset Audit (FAIR)

Our flagship Fixed Asset Inventory and Reconciliation service is a comprehensive approach that cleanses and fortifies your fixed asset register to establish a stronger foundation for effective fixed asset management. In addition, fixed asset inventory and reconciliation services provide the necessary data visibility to avoid the risk of non-compliance with financial, tax and regulatory issues.

Asset Verification and Tagging

We physically verify and brand your asset with Unique Asset Id (UAID) by means of barcode or RFID tags. These tags can be in compliance with requirements of various authorities like STPI or SEZ. We tag the locations like workstations, cubicles and conference rooms. This enables locating and grouping of assets based on location hierarchy.

Enterprise Asset Management

RCS provides superior baseline asset inventory & tagging services to organisations across all industries as the first step to implement Enterprise Asset Management. The asset inventory data becomes the foundation for efforts to limit capital spending, optimally utilize capital assets, mitigate maintenance & repair expense, and control a variety of other operational aspects of physical assets.

Asset Inventory

A leader in IT Asset Inventory services, RCS delivers baseline inventory projects with superior quality, in a concise timeframe, and with minimal disruption to your operations environment. The baseline inventory data delivered is highly accurate and complete. In addition, unique asset tag numbers (e.g. barcode, RFID, etc.) are affixed to each asset and correlated to the asset records to further enhance the effectiveness of managing assets. RCS’s highly developed processes and understanding of the political and workplace issues leads to unparalleled customer satisfaction..

Address

RCS Tech LLP
RCS Tech Park, HNH Lake Road,
Bangalore - 560035, INDIA